interest rate

At its meeting today, the RBA Board decided to leave the cash rate unchanged at 2.0 per cent. Statement by Glenn Stevens, Governor: Monetary Policy Decision The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. This trend appears largely to reflect increased supply, [...]

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the RBA Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015. The global economy is expanding at a moderate pace, but commodity prices have declined over the past year, in some cases sharply. These trends [...]

If economists are right in their predictions, the RBA will cut rates by a further quarter of a per cent when it meets again in May. Senior ANZ economist Felicity Emmet sights a number of factors that point to a likely downward shift in rates; "It's looking like more of a line-ball call this month, [...]

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